Effects of Aid for Trade on Extensive and Intensive Margins of Greenfield FDI
Effects of Aid for Trade on Extensive and Intensive Margins of Greenfield FDI
复制标题
贸易援助对绿地 FDI 粗放边际和集约边际的影响
DOI：
10.1111/twec.12787
复制
发表时间：
2019
期刊：
影响因子：
--
通讯作者：
Hyun‐Hoon Lee
中科院分区：
文献类型：
--
作者：
Dung Ly‐My;Hyun‐Hoon Lee
利用2003-15年间105个发展中国家的面板数据集，本文评估了贸易援助对绿地外国直接投资流入受援国的影响。特别是，本文从四个不同的层面对流入每个接受国的绿地FDI的总美元价值进行了分类：项目的广泛和密集利润率以及来源国的广泛和密集利润率。应用系统GMM估计量，本文发现，AFT不仅增加了流入接受国的FDI的美元价值，而且有助于绿地项目和来源国的多元化。此外，本文还发现，自由贸易区对来自捐助国(发达国家)的绿地FDI的影响要大于来自非捐助国(发展中国家)的绿地FDI。在《自由贸易协定》的三个组成部分中，与贸易有关的基础设施援助和贸易政策法规援助被发现与绿地外国直接投资有积极联系，无论来源国是哪个群体，但它们对发达来源国的影响更大。相比之下，建设生产能力的援助阻碍了来自非捐助国的绿地外国直接投资，却促进了来自捐助国的绿地外国直接投资。我们为这一发现提供了一些解释。
Using a panel dataset of 105 developing countries for the period 2003–15, this paper assesses the effects of Aid for Trade (AfT) on greenfield FDI flows to the aid‐recipient countries. Particularly, this paper classifies the total dollar value of greenfield FDI flows to each recipient country in terms of four different layers: the extensive and intensive margins of projects as well as the extensive and intensive margins of source countries. Applying the system GMM estimator, this paper finds that AfT not only increases the dollar value of FDI flows to the recipient countries but also helps diversify the greenfield projects and source countries. In addition, this paper finds that AfT has a greater effect for greenfield FDI from donor (developed) countries than from non‐donor (developing) countries. Among the three components of AfT, aid for trade‐related infrastructure and aid for trade policy regulations are found to have positive links with greenfield FDI, irrespective of source‐country groups, yet their effects are larger for developed source countries. In contrast, aid for building productive capacity hinders greenfield FDI flows from non‐donor countries, while it promotes greenfield FDI from donor countries. We offer some explanations for this finding.
影响因子：
6.9
作者：
Kimura, Hidemi;Todo, Yasuyuki
通讯作者：
Todo, Yasuyuki